A Franchise Is a Method of Doing Business in Which

question 32

Multiple Choice

A franchise is a method of doing business in which ________.

• A)an entrepreneur sets up and manages a small business based on an innovative idea or product
• B)a company's products or services are sold to independent third-party operators under the company's name
• C)a company buys ownership of another company and absorbs its employees and customer base into its own structure
• D)a business is able to achieve rapid sales growth in the service sector due to taking advantage of many advertising opportunities

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Definitions:

Colonial Governments

The administrative bodies established by colonial powers to rule over their overseas colonies, often imposed without the consent of the native populations.

New England

A region in the northeastern corner of the USA, consisting of six states: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, known for its distinct historical roots.

Chesapeake Colonies

English settlements in the Chesapeake Bay region, namely Virginia and Maryland, established in the 17th century, known for their tobacco-based plantation economy.

Religion Influence

The impact of religious beliefs, practices, and institutions on individuals, societies, and cultures, shaping morals, laws, and traditions.